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Success and Failure Are Learning Experiences

Date Published: 17th September 2009
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Author: James Dicks RSS Views: N/A PRINT ASK ABOUT THIS ARTICLE
Back in the glory days of NASA, during the Apollo missions to the moon, the famed Flight Director, Gene Krantz coined the phrase that “failure is not an option.” And with that attitude, he and his staff overcame some devastating problems and made history. But let’s also remember, they weren’t without their share of failures and they learned from each one of them to achieve the greatest success in the end.
So, in that respect, failure can be as valuable an experience as success – as long as we learn from our disappointments and setbacks. Now I’m not a proponent of failure, as a matter of fact, I believe it should be avoided at all costs. But I am realistic enough to know that it will happen now and again. When we stumble, that experience has a way of helping us to sharpen our skills much better than success. When we fail and take the time to learn from them, we realize what we need to accomplish next in order to improve.


It took Thomas Edison thousands of attempts to finally find the right combination of filaments and gasses that would become the modern day light bulb. Thousands! He realized that in order to successfully accomplish a project, you needed to rely on others. So he brought together teams of people that had different kinds of skills, and started them working together on problems, many of which developed into visionary projects. He set up something called an “Invention Factory” in Menlo Park, New Jersey and recruited the best minds from around the world. Together, Edison and his “brain trust” team developed invention after invention. From light bulbs, to motion pictures, the phonograph – all-in-all over one thousand patents came out of Edison’s “Invention Factory.”


Teamwork plays a huge part in the success or failure of a project. There’s an old saying that says “a chain is as strong as its weakest link.” That’s why we must make sure that everyone on the team is as strong as they can be through proper planning, effective communication, and making certain that the right person is assigned to the right job. A team member’s performance is a product of both the ability to do the work and the motivation to accomplish what is assigned to them.

Success can more likely be achieved if the team leader is encouraging to the members of the team. We all feel a strong need to be appreciated and the leader should make sure that every member of the team shares in the glory. The leader has the eyes and ears of the “boss” but the leader also has a responsibility to share the successes (and the failures) with the other members of the team. Reward the team for a good job. How about buying a pizza at lunch, have a party or maybe give them some time off. The leader must also continue to challenge the team members and foster an environment of non-threatening, open communication. Everyone has ideas and those ideas could be the foundation of the company’s next great success.


In today’s economic environment, business must be prepared to take a risk. But, on the flipside, when risks are taken, the chances for devastating failures or sky-high successes are amplified. Make sure you and your teams are totally prepared for any and all possibilities. Hedge your chances for failure by effective planning but be careful. Many times business plans not to fail, rather than plan to be successful. There’s no shame in failure unless you don’t learn from your “bumps in the road.” Project planning and corporate leadership is about working the correct plan and encouraging the right mindset of the team throughout the mission. We must always aim our capabilities and our intentions toward complete success, rather than planning not to fail. If failure shows its ugly head – as Thomas Edison would have said – just go “back to the drawing board.” Again, failure can be as valuable an experience as success – as long as we learn from our disappointments and our setbacks.
Tags: right combination, thomas edison, disappointments, light bulbs, glory days, light bulb, gasses, filaments, weakest link, failure is not an option
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About the Author
Occupation: Author
For more than a decade, James Dicks has been one of the nation's leading educators on the subject of Real Estate, Stocks, Options, the Foreign Exchange Market and empowering investors to handle their own investments. James is living his dream by helping investors and businesses overcome the hurdles of reaching their financial goals. Millions of people have heard James’ message of diversification, money management and financial freedom and thousands have attended one of his many free workshops. Increasing investment knowledge is James' goal and he strives to reach this goal by using a common sense approach that investors of all types can utilize on their road to financial freedom. James Dicks is the president and CEO of a growing network of international companies. Founded in 2002 the PremiereTrade companies have already surpassed 70 million in gross revenues. With a focus on Technology Mr. Dicks has inspired and founded the fastest-selling financial software, PremiereTrade® AI, for trading stocks, options, mutual funds and the FOREX and is a leading trainer in the world for international foreign currency trading and investing. Mr. Dicks has held numerous professional licenses in the securities field starting in early 1991, and occupies investment advisor or capital development positions for growing entities. Mr. Dicks has built the Premiere Companies on Technology with a vision and work ethic instilled by the United States Marines, Mr. Dicks was able to build a team to carry out this vision which includes, IT services, Innovative financial technology for individual consumers and commercial business, 7x24 systems and operations, Custom CRM’s, and many products and services that integrate digital media with institutional memory and process. He is the author of the bestselling book FOREX Made Easy … Six Ways to Trade the Dollar and his most recent book from McGraw-Hill, Operation Financial Freedom. The newest book, released in April 2006, also from McGraw-Hill, centers on a tremendously hot topic today, Real Estate, How to Buy and Sell Real Estate for Financial Freedom. His newly developed trade recognition software, PremiereTrade AI, is generating interest and sales on an international level. James Dicks actively diversifies his and his companies portfolios, James began investing in real estate in the early 90’s. His companies have bought and sold hundreds of homes, acquired over a thousand acres of property and have developed one of the finest communities in the South East, Lake Club, a 2008 Street of Dreams. James is a dynamic trainer and motivator, speaking on nationally syndicated radio shows and appearing nationally before thousands of people educating them on personal finance, real estate and investing. As both a former Marine and dedicated family man, He strives to make a positive difference in the lives of every person he meets, and is proud to have served in the United States Marine Corps.
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